Drone Aviation (OTCMKTS:DRNE) Shares Down 9.6%

Drone Aviation Holding Corp (OTCMKTS:DRNE)’s stock price fell 9.6% during mid-day trading on Wednesday . The company traded as low as $0.81 and last traded at $0.85, 5,345 shares traded hands during trading. A decline of 54% from the average session volume of 11,727 shares. The stock had previously closed at $0.94.

The business’s 50 day simple moving average is $0.85 and its 200-day simple moving average is $0.94.

Drone Aviation Holding Corp. designs, develops, markets, and sells lighter-than-air aerostats, tethered drones, and land-based intelligence, surveillance, and reconnaissance solutions. The company focuses on the development of tethered aerostat known as the Winch Aerostat Small Platform, as well as tethered drone products, including the WATT and FUSE tethered drones for commercial and military applications; and providing aerial monitoring for extended durations while being tethered to the ground through a high strength armored tether.